On Friday we gave tips for positional sell for our subscribers and few were gone short around 9290 level and this morning during market opening i asked them to cover it around 9150level.The banknifty future gave a great chance to cover the short and was in 9160 for a longer time all the people covered the short and booked a profit about 140+points.
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Today the market is weak only but it plays lot of tricks and hitting all the stoploss's.We are now keen in observing the facts.As nifty broke the strong supports levels>i.e - 5220 and 5190 level and that indicates a weakness in the overall market.
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The repo and reverse repo rate hike will have its own impact on the market as we have seen in the past including the US and Singapore markets.
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Important Note: i have recived a facts from my friends >>
Nifty Low is shown as '5180.00' its a false one and it traded low in '5206.00',
Similarly Banknifty Low is not '9126.00' it is actually '9153.00'
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